#credit-downgrade
#credit-downgrade

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Zohran Mamdani is pushing New York towards fiscal disaster

New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.

Business

fromBusiness Matters

4 months ago

Fitch cuts Aston Martin's credit rating to 'CCC+' as tariffs deepen financial strain

Aston Martin downgraded to CCC+ due to deteriorating liquidity, prolonged negative free cash flow through 2028, US tariffs, weakened US demand, and investment cuts.

fromKotaku

6 months ago

EA's Saudi Deal Fallout: Junk Ratings, Risky AI Bets, And Developer Fears

Earlier this week, Bloomberg reported that S&P Global Ratings plans to lower EA's credit rating to "junk status" once the leveraged buyout deal is completed sometime next year. It's currently "BBB+" but would fall into the "non-investment grade" or "speculative" territory once saddled with the $20 billion loan required to pay off all of the Battlefield 6 publisher's existing shareholders at a 25-percent premium. Moody's Ratings announced it is planning a similar reappraisal.

Business

NYC real estate

fromSFGATE

10 months ago

Mortgage Applications Fall for the Second Week in a Row as Higher Rates Weigh on Demand

Mortgage applications fell for the second consecutive week due to rising mortgage rates after a U.S. credit downgrade.

fromwww.aljazeera.com

10 months ago

JPMorgan's Dimon warns of US stagflation risk: Report

Dimon warned about the possibility of stagflation, stating, 'I can't rule it out,' while highlighting that he's not convinced the US is in a sweet spot.

US politics